Weir Views at a glance
7,712
People
$610,000
Median sale
$426/wk
Median rent
3.63%
Suburb gross yield
Median sale from 152 recorded sales (last 12 months) — a Districts calculation.
VIC › Weir Views › Parrot Dr
$650,000–$690,000
For sale
Asking range
4
Bedrooms
3
Bathrooms
2
Car spaces
Districts View
No upside evidence detected in the data Districts holds for this lot.
No detected risks — but see the checklist: absence of evidence is not an all-clear.
Each line above is labelled. A fact is quoted from the named source, with its date. A calculation is worked out by Districts from those facts — you can check the arithmetic. An interpretation is Districts' opinion of what the evidence means, not a fact, a valuation, or advice. Anything we haven't retrieved yet is marked as missing rather than treated as a pass.
Price evidence
Asking
$650,000–$690,000
Asking range
No recorded sale for this property.
Weir Views at a glance
7,712
People
$610,000
Median sale
$426/wk
Median rent
3.63%
Suburb gross yield
Median sale from 152 recorded sales (last 12 months) — a Districts calculation.
Vs Weir Views
+6.6%
Median sale
Suburb $610,000
-0.22 pp
Gross yield
Suburb 3.63%
Suburb median $610,000 from 152 recorded sales (last 12 months) — a Districts calculation, not a portal figure.
Based on the low end of the asking range, not a contract price.
$39,395 on top of the price (6.1% extra)
Estimates only, at standard investor rates — no first-home or owner-occupier concessions applied. Not included: lenders mortgage insurance (usually applies when borrowing more than 80% of the price), loan application and settlement fees from your lender, the foreign-purchaser duty surcharge, and building insurance — in Queensland the property is at your risk from the first business day after signing, not from settlement. Verify with your conveyancer.
Stamp duty and transfer fees: Victoria schedules from 2026-07-01. Ongoing council rates and land tax are not included.
Based on the low end of the asking range, not a contract price.
Pre-filled with Weir Views's advertised median rent — not a rent for this listing.
Gross yield is weekly rent × 52 ÷ price. Net yield subtracts operating expenses. Cashflow then subtracts interest-only interest on price × LVR. Tax, vacancies, and principal repayments are not included.
Planning
Planning data is being calculated
Data unavailable
Source
Planning facts are copied from official government GIS where available. Where an official property PDF exists (VicPlan, PlanBuild), Districts stores and serves that original document. Neither is a planning certificate, survey, or advice.
Site
Terrain has not been calculated for this property yet.
Slope is calculated on a projected metric grid from a public DEM clip of the official parcel. This is not a survey, engineering, or insurance assessment.
Flood exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Bushfire exposure has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Heritage listing has not been retrieved from any source for this property yet. Unknown is not the same as clear.
Records
Events are recorded observations from public listings, kept with their source and date. Missing values are shown as unknown, never estimated.
Capital growth
VICPlanning layers have not been retrieved for this property yet. A suburb median or growth rate is not a reason this particular lot would outperform. Funded catalyst catchments are not loaded. A TOD badge is not this product.
Official flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.” Victoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Rental
No advertised rent is recorded. Suburb median rent $426/week — not this address. An inferred likely-rent range is not shown until official bond series are loaded for this dwelling type and bedrooms.
Current comparable rental listings within 400 m of this lot are not loaded. Victoria has no public statewide property-level DA API. Nearby pipeline is unknown. Supply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded. Suburb vacancy or leased-tape days are not this property’s competition.
Gross yield if leased at the suburb aggregate is 3.4%. The yield that matters is the one on achieved rent, which has not been inferred for this address. Net yield (land tax, rates, insurance, vacancy) is not loaded. Net yield / holding costs are not estimated outside NSW without inventing land tax.
Verdict
Districts view
Not enough official evidence yet to underwrite this as an investment.
Detail
The same ten questions apply to every property. Missing flood, nearby DAs, achieved rents, or lot geometry is unknown — not “no.”
Do not treat a suburb median, an advertised yield, or a listing score as the case for this lot.
The evidence loaded so far isn't enough on its own to change a buy, offer, or walk-away decision for this property.
Evidence
Districts asks the same ten questions of every property. If one shows as unknown, that data isn't published for this state or hasn't been loaded yet — the question stays visible so you can see exactly what's missing.
1 of 10 questions answered so far
Development optionality of this lot
UnknownPlanning layers have not been retrieved for this property yet.
Nearby development pipeline
UnknownVictoria has no public statewide property-level DA API. Nearby pipeline is unknown.
Honest achievable rent
KnownlowThis is not “bond data says this address leases for $X.” The comparable figure is a suburb advertised/median rent, not this property. Official bond files (postcode or suburb × type × bedrooms) are not loaded yet.
Rental supply pressure
UnknownSupply pressure needs comparable listings near this lot plus a nearby DA pipeline. Neither is loaded.
Why is this cheap?
UnknownThe constraint stack has not been retrieved for this lot, so Districts cannot explain a discount versus land size.
Lot-level flood
UnknownOfficial flood overlay has not been retrieved (pending). Missing layer is unknown, not “no.”
Catalyst exposure
UnknownFunded catalyst catchments are not loaded. A TOD badge is not this product.
This lot's DA history
UnknownDevelopment applications have not been queried for this parcel.
Statutory land value versus ask
UnknownStatutory land value is not available as free bulk data in this jurisdiction. Do not fake it with a suburb median.
Net yield / holding costs
UnknownNet yield / holding costs are not estimated outside NSW without inventing land tax.
Area
Weir Views at a glance
7,712
People
$610,000
Median sale
$426/wk
Median rent
3.63%
Suburb gross yield
Median sale from 152 recorded sales (last 12 months) — a Districts calculation.
Listing material
Listed by YKN Real EstateYKN Real Estate is offering the perfect combination of modern style, space and functionality with this beautifully presented residence. Positioned in a growing and highly sought-after pocket of Weir Views, 6 Parrot Drive presents an excellent opportunity for families, first-home buyers and investors seeking space, comfort and convenience set on approximately 400m².
The heart of the home is the spacious open-plan living area, creating an inviting setting for everyday family living, relaxing and entertaining. The generous proportions and natural light provide a warm and welcoming feel throughout.
Offering you....
– Four generously sized bedrooms, including two master bedrooms with walk-in robes and private ensuites
– Additional bedrooms with built-in robes
– Spacious open-plan kitchen, meals and living area providing the perfect hub for everyday family living
– Stylish modern kitchen featuring stone bench tops, quality stainless-steel appliances, ample cabinetry and adjoining meals area
– Light-filled living and dining zone with a seamless connection to the outdoor entertaining area
– Spacious laundry with excellent storage and cupboard space
– 2700mm high ceilings creating a wonderful sense of space throughout
– Ducted heating and evaporative cooling for year-round comfort
– Low-maintenance front and rear gardens providing plenty of space for children and entertaining
– Double remote-controlled garage with internal access
Step outside to discover a spacious, low-maintenance backyard, offering an ideal setting for entertaining family and friends, children's play or simply enjoying the outdoors.
Positioned within the family-friendly Seventh Bend Estate, this home is conveniently located close to local schools, parks, childcare, shopping facilities and public transport, 5 minutes within Melton Train Station, Opalia Plaza and Woodgrove Shopping Centre. The New Melton Hospital is currently under construction and is set to become a major health and employment precinct for the growing local community.
YKN Real Estate welcomes you and looks forward to meet you at the open homes. For further queries or request for inspections Perry on 0477 730 888.
Photo ID is required at inspections.
Please see the below link for an up-to-date copy of the Due Diligence Check List: www.consumer.vic.gov.au/duediligencechecklist
DISCLAIMER: All stated dimensions and illustrations are approximate only.
Particulars given are for general information only and do not constitute any representation on the part of the vendor or agent.
Listing description written by Yen Nguyen, YKN Real Estate — reproduced as published, not verified by Districts.